Business & Investment

Today’s Nifty: SGX Nifty fell 200 points.This is what changed for the market while you were sleeping

Domestic stocks on Tuesday were expected to begin a gap-down after plunging overnight. U.S. stocks In fear of rising inflation in the world’s largest economy. Asian market The technical charts of the major domestic indices were all bright red, suggesting a previous profit recording.

This is the breakdown Before marketing Action:

Market condition

SGX Nifty Notifies the start of gap down
Singapore Exchange’s nifty futures fell 205 points (1.37%) to trade at 14,783.50, indicating that Daral Street is heading for a gap-down start on Tuesday.

Tech View: A nifty person who is likely to see a profit booking
Nifty50 formed a bullish doji-like candle on Monday, demonstrating indecision among investors. The trading range was narrower than in the previous session. This is probably a hint of slowing down the upward journey and making a profit. Analysts advised traders to avoid Nifty trading for the time being and focus on stock-specific opportunities, given the narrow trading scope.

Asian market falls into early trade

In the Asian market, Japan’s Nikkei Stock Average fell 2.73% to 2,8716. Taiwan’s TWSE index rose 2.59% to 16,791.82. Hong Kong’s Hang Seng Index fell 2.35% to 27,918. South Korea’s Kospi fell 1.62% to 3,196.94, and China’s Shanghai Composite Index fell 0.62% to 3,406.60.

US stocks end at highs
In the overnight trade, US stocks fell from record highs as concerns over accelerating inflation dragged stocks down the dollar, which struggled at a 10-week low. The S & P 500 Index fell 44.17 points (1.04%) to 4,188.43. The Dow Jones Industrial Average fell 34.94 points (0.10%) to 34,742.82, and the high-tech Nasdaq fell 350.38 points (2.55%) to 13,401.86.

Today’s fourth quarter earnings
Godrej Consumer, Neuland Labs, BASF India: Godrej Consumer Products, Siemens, Aarti Industries, Linde India, BASF India, KEC International, Firstsource Solution, Granules India, Kalpataru Power, Neuland Labs, Alembic, Hutamaki India, Dishman Carbogen Amcis It is one of. Today, we are announcing our financial results for the March quarter.

FPI buys shares worth 584 rupees

Netnet, a foreign portfolio investor (FPI), has turned domestic stock buyers into a tone of Rs 583.69, data available at NSE suggests. According to the data, DII was a net sale of 476.26 rupees.

Money market

Rupee: The rupee rose 16 paisas, closing at 73.35, a month-long high against the US dollar, the third consecutive rise against the backdrop of positive domestic stocks and a weaker US currency.

10-year bond: India’s 10-year bond yield fell 0.02% to 6.01 after trading in the range 6.00-6.03.

call charges: According to RBI data, the weighted average of overnight call money rates was 3.24%. It moved in the range of 1.90-3.50 percent.


Banks shrink unsecured loans … Private banks have shrunk their unsecured loan portfolio following last year’s pandemic, mitigating the risk of a second wave of defaults. Private banks are shifting their focus to small business lending secured by government guarantees. This was done under the emergency credit line guarantee system announced by the government in the wake of Covid. Another segment that banks have been aggressively working on is mortgages, which, despite the pandemic, saw unexpected demand in the fourth quarter.

LIC facilitates bill resolution … LIC said it has eased the bill resolution process to assist customers in the pandemic process. The insurer allows policyholders to revise discharge or death summaries signed by the insurer’s Class 1 officers as relevant evidence and, where relevant, issued by the hospital, government, or military. I will. An early death certificate was essential to the billing process.

Labor reform was pushed forward next year … The implementation of expensive labor reforms could be pushed forward next year, as most state governments are lagging behind in the preparation of a rule framework for the implementation of the four labor codes. India is also reluctant to take on the additional cost and compliance burden under the code in the second wave of the Covid-19 pandemic.

U.S. inflation expectations at the highest level in decades … U.S. inflation expectations soared to their highest levels in 10 years as the economy resumed from COVID-19-related closures, leaving investors still far from the target inflation expectations measured by the Treasury’s inflation breakeven. It is in conflict with the Federal Reserve, which we see as. The next five years of protection securities (TIPS) jumped to a 10-year high of 2.73 percent on Monday.

April car sales down 28% … Blockades and movement restrictions have been reinstated nationwide due to the massive coronavirus surge, resulting in a significant drop in April retail sales in the automotive industry, 28% month-on-month compared to March sales. It has decreased. .. No comparison has been made with sales made in the same month last year (April 2020). After the outbreak of the coronavirus, the country was completely closed and all car companies announced “zero” sales.

Crisil says the economy is leaning down … According to rating agency Crisil, the second wave of Covid-19 has “certainly tilted” the growth of the Indian economy from the current estimate of 11% to 8.2-9.8% in the current fiscal year. .. In a report on Monday, the company expects growth to slow in the first half of 2010 to mitigate the positive basic effects of a resurgence of infection, but in the second half it will be supported by broader vaccination coverage and stronger global growth. Said.

Banks slow down microloans … Lenders see these unsecured loans as more risky in the second wave of the pandemic, slowing again on microfinance loans, credit cards and personal loans. The performance of these loans is deteriorating given the low capital cushion and risk nature of such assets, the lender said.

Fitch says it increases risk for Indian finance … Fitch Ratings said the second wave of Covid-19 has weakened the momentum for a short-term recovery in the economy, increasing risk to Indian financial institutions. U.S. credit rating agencies said in a report released Monday that the shock to the economy may not be as severe as last year, but the long-term turmoil and blockade caused by the spread of the infection more than previously expected. He said the risks remained.

China’s factory gate prices soar the most in three years … Gate prices at factories in China rose at the fastest rate in three and a half years in April, official data showed on Tuesday. In a statement from the National Bureau of Statistics, the Producer Price Index (PPI), an indicator of industrial profitability, was 6.8% year-on-year, compared to a 6.5% and 4.4% increase from Reuters analyst polls. He said it had risen. It will rise in March.

Today’s Nifty: SGX Nifty fell 200 points.This is what changed for the market while you were sleeping Today’s Nifty: SGX Nifty fell 200 points.This is what changed for the market while you were sleeping

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